here's a piece on what bush *really* wanted... but didn't get...
wsws.org
"The tax cut plan announced Tuesday by President Bush is a transparent scheme to plunder the federal treasury and enrich the financial oligarchy. Nearly all of the $664 billion in tax cuts go to the top income brackets, while working class families, and especially the poor and unemployed, will receive little or nothing."
and to back it up...
"Approximately half of the $364 billion will go to the top one percent of Americans, those with incomes of $350,000 a year or more."
yes, 25% of the ALL THE TAX CUT PIE woulda gone to only richest 1% of the people - AND THAT ONLY CONSIDERS THE DVIDEND CUT - WE HAVEN'T EVEN GOTTEN TO ALL THE OTHER TAX CUTS.
"According to one study, 64 percent of the benefits from moving up the tax rate cuts scheduled for 2004 will go to the wealthiest 5 percent of the population, while only 7.7 percent goes to the bottom 80 percent"
the richest 5% woulda gotten 64% and all the rest of the "peasants" get to fight for the leftovers?
how thoughtful of mr bush.
"This would include permanent abolition of the estate tax, which affects only those who inherit estates of $1 million or more."
hey, this is a tax reduction that rd must LOVE - 100% goes to the wealthy - the poor gets NOTHING!
"The administration is employing lies and double-talk to sell its package to the public. Bush is presenting a program tailor-made for the coupon-clipping elite as a “growth and jobs” plan to aid “working people.” The administration claimed that 92 million taxpayers would benefit from the tax cuts and receive an average reduction of $1,083, although this figure combines the windfall going to the millionaires and the pittance going to the vast majority of working people. (If one millionaire gets $45,000 and 40 workers get $50 apiece, the “average” of their combined tax breaks approximates the administration figure.)"
pay attention here... someone on this thread is using this exact same kind of statistical misleading... guess who?
now, i just need to find out what portions of this great big handout to wealthy was cut AGAINST THE PROTESTATIONS OF BUSH. |
